What is the Premium Rebate offered under Bajaj Allianz Elite Assure?

Bajaj Allianz Elite Assure provides Premium Rebate for each complete additional Guaranteed Maturity Benefit (GMB) of ₹ 50,000, over and above the minimum GMB of ₹ 5,00,000 as per the below mentioned table: Premium Payment Term (in years) 7 years 10 years 15 years 20 years 25 years 30 years Rebate (in ₹ ) 90 76 67 72 77 81 Let’s understand this with an example. Mr X is 30 years old and has opted for GMB of ₹ 6,00,000, policy term of 25 years and Premium Payment Term (PPT) of 25 years. His annual premium before Premium Rebate is ₹ 58,578. For GMB of ₹ 6,00,000 the Premium Rebate will be ₹ 154 (Rs 77 per ₹ 50,000 of GMB over and above the base GMB of ₹ 5,00,000). After deduction of Premium Rebate, Mr X will have to pay annual premium of just ₹ 58,424 instead of ₹ 58,578.

How does Waiver of Premium benefit rider actually work?

The Waiver of Premium Benefit Rider triggers only during the Premium Payment Term (PPT) of the policy and on the earlier occurrence of an accidental permanent total disability or critical illness of the policyholder who is also the life assured. In case the life assured is a minor, WOP is triggered on the earlier occurrence of an untimely death, accidental permanent total disability or critical illness of the policyholder. For instance, if Policy Term is of 25 years and PPT is for 20 years, then in case of critical illness of the life assured in the 15th policy year, Waiver of Premium will trigger and thereafter all the future premiums will be waived off and the policy will continue without any hindrance.

How is Guaranteed Loyalty Additions calculated?

In Bajaj Allianz Elite Assure plan, Guaranteed Loyalty Additions (GLA) is calculated as percentage of the Guaranteed Maturity Benefit (GMB). GLA is added to the policy at the end of each policy year starting from the end of the 10 th policy year and depends on the premium payment term and policy term chosen by you. So, the longer you stay invested in Elite Assure, the better is GLA going to be. Premium Payment Term (years) 7 10 15 20 25 30 Policy Term 15 20 25 30 15 20 25 30 15 20 25 30 Guaranteed Loyalty Additions 3% 3% 3% 3% 7% 7% 7% 7% 15% 15% 15% 15% Total Guaranteed Loyalty Additions 18% 33% 48% 63% 42% 77% 112% 147% 90% 165% 240% 315%

Investment Plans With High Returns | Bajaj Allianz Life Elite Assure

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Mode	Yearly	Half-Yearly	Quarterly	Monthly
Premium₹	₹50,000	₹25,500	₹13,000	₹4,500

At Assumed investment return^**	Guaranteed Maturity Benefit (GMB)	Guaranteed Loyalty Additions (GLA)	Vested Bonus(if any) (VB)	Total
@8%	₹6,00,000	₹14,40,000	₹15,56,274	₹35,96,274
@4%	₹6,00,000	₹14,40,000	-	₹20,40,000

At Assumed investment return^**	Guaranteed Maturity Benefit (GMB)	Guaranteed Loyalty Additions (GLA)	Vested Bonus (if any)(VB)	Total
@8%	₹6,00,000	₹7,20,000	₹8,31,947	₹21,51,947
@4%	₹6,00,000	₹7,20,000	-	₹13,20,000

Premium Payment Term (years)	5	7	10	15	20	25	30
Policy Term (years)	15	20	25	30	15	20	25	30	15	20	25	30	15	20	25	30
Guaranteed Loyalty Additions	3%	3%	3%	3%	3%	3%	3%	3%	7%	7%	7%	7%	15%	15%	15%	15%
Total Guaranteed Loyalty Additions	18%	33%	48%	63%	18%	33%	48%	63%	42%	77%	112%	147%	90%	165%	240%	315%

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

Bajaj Allianz Life Elite Assure

Premium Amount(Incl. GST)

₹ 80,615/Annually

Overview

Key Advantages

How this works

Eligibility

Downloads

Sample Illustration

Policy Benefits

Loan Facility

Guaranteed Loyalty Additions

Multiple Policy Terms

Two options for Premium Payment Term

Multiple Rider Options

High Sum Assured Rebate

Entry Age

Minimum age is 0 year

Maximum age is 55 years

Maturity Age

Minimum Age at Maturity is 18 years

Maximum Age at Maturity is 70 years

Policy Term

15, 20, 25 and 30 years

Premium Paying Term

Premium

Minimum Premium

Maximum Premium

Sum Assured

10 times of Annualized Premium

Guaranteed Maturity Benefit (GMB)

Minimum: ₹ 3,00,000

Maximum: No Limit

Premium Payment Frequency

Yearly, Half yearly, Quarterly and Monthly#

Brochure

Policy Document

Customer Information Sheet

Maturity Benefit

Death Benefit

Why Bajaj Allianz Life Insurance ?

Customer Speaks

Frequently Asked Question

Life Insurance Guide

Yearly, Half yearly, Quarterly and Monthly^#